Calculations show that the real wage as of September 2024 is 693 euros, meaning the actual minimum wage has yet to reach 700 euros.

Most Greeks aged 50-74 do not receive any old age pension.

In a recent report, Greece’s central bank warned that the effects of climate change are expected to drive up crop and fruit prices in the coming years.

SEV’s president is also expected to emphasize the need for clear, streamlined licensing processes and structural issues that hinder the industry.

Trends regarding holiday homes in Greece, in recent years, are primarily driven by the significant demand of affluent clients who seek to buy more comfortable family homes.

The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments

Greece's dominant power utility sought 500 million euros from the markets; bond matures in 2031

The Greek-owned fleet, comprising 4,992 ships with a total carrying capacity of 394,977,181 dwt, maintains the top global position

The cost of half a kilo of fresh bread in Greece is the second lowest in Europe and 48% lower than the European average, standing at €1.21.

As Greeks continue to struggle to find affordable and suitable housing, Greece's tax authority is taking steps to determine the true scale of vacant properties that could become available on the market through the creation of a digital property file.

The country remained in the same spot from last year's list and is sandwiched between Belgium (26th) and Denmark (28th). For the 11th year in a row, Estonia ranked 1st on the Index

Yesterday’s News Wrap-up includes the following: Greek Public Debt to GDP Ratio Highest in EU Greek public debt to GDP ratio continues to be the highest in the EU for Q2 2024 at 163.3%, even though according to Eurostat, it recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp, with Cyprus having […]

More than 6,200 legal entities and individuals in Greece have declared more than three properties offered up for short-term leasing

The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025

Additionally, a 300 million euro Guarantee Fund will be created with the European Investment Bank, leading to 1.5 billion euros in leverage

According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp

A recent poll showed a population disillusioned with the Greek political parties and the Eurozone, and an overwhelming agreement that the current economic and social system is causing poverty. 

The Network’s goal is to link national initiatives and European programs and institutions, such as the EIC.

More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country. Specifically, according to the central bank revenues decreased by 1.8% compared to the corresponding month of 2023. Conversely, revenues during the Jan-Aug 2024 period […]

Greek banks, it notes, are focused on mitigating the impact through strategic efforts like loan growth, increased fee income, and lower-than-anticipated deposit betas for 2026.